● 13SQFT.com is India’s first and largest B2B Digital Platform built especially for warehousing, logistics and cold chain industries. It is a one stop shop for all space, infrastructure, automation, and technology needs.
● The funds will be utilized for Strengthening the Commercial and Technical Team, Platform Technology, Brand Building
● Inflection Point Ventures (IPV) has so far invested over INR 600 Cr across 190+ deals.
August 24, 2023, Gurugram: 13SQFT.com, India’s first B2B platform for warehousing, logistics and industrial sector has raised $1Million in a Pre-Series Round led by Inflection Point Ventures. The funds will be utilized to expand the commercial and technical teams, bolster the platform’s technology, and elevate its brand presence, underscoring 13SQFT.com’s commitment to shaping the future of these industries in India.
13SQFT.com is India’s first and largest B2B digital platform dedicated to warehousing, logistics, and cold chain sectors. Serving as a comprehensive solution hub, it caters to diverse needs including space, infrastructure, automation, and technology.
13Sqft is organizing an unorganized and fragmented base of building materials, equipment and fittings for warehousing, aggregating demand for specialized warehousing needs. It is also building tech-driven designs for optimal space planning and estimation of costs to set up warehouses.
With the platform launched in 2021 by Alok Bansal and Payal Chaudhary, Founders bring deep domain expertise in the warehousing and logistics industry. Mr. Bansal is an industry veteran with an MBA from SPJIMR and executive education from IIM Ahmedabad in Warehouse Design, and Mrs. Chaudhary, a skilled professional holding a Gold Medal in MSc (Biotech) and an M-Tech in Supply Chain. With Mr. Bansal’s extensive leadership experience as the former CEO of notable companies like DTDC Supply Chain, Delhivery, Mercedes Benz, and Infosys, coupled with Mrs. Chaudhary’s prior experience in running an infra company along with academic excellence and passion for driving change, 13Sqft has quickly risen as a major player in India’s warehousing, logistics, and cold chain sectors.
Ankur Mittal, Co-Founder, Inflection Point Ventures, says, “13sqft is an innovative B2B platform which will streamline operations and provide end-to-end solutions for the logistics industry. This B2B digital platform ensures faster turnaround time and helps clients to validate expenditure and select the best solution for optimal results. We are excited to support 13Sqft’s journey as they reshape the future of warehousing and logistics, offering a tech-driven solution that addresses the industry’s challenges and transforms them into opportunities for success.”
Mr. Alok Bansal, Founder, 13sqft, says, “We’re thrilled with the amazing response from the market and clients. We’ve worked hard to understand and fix industry challenges. Now, we’re the go-to for companies needing land, warehouses, and facility setups in logistics, retail, and more. Our platform is buzzing with companies listing their spaces and products, attracting buyers and investors. We’re excited to partner with the government, supporting national growth by creating the right facilities. Our goal is to help small businesses, startups, and Make-in-India companies succeed on our platform.”
The startup’s remarkable accomplishments have been recognized through numerous awards, including the prestigious ASSOCHAM Excellence Award for being the Best Emerging Player in logistics and warehousing in 2023. Notably, 13SQFT.com has not only achieved EBDITA positivity but also showcased its prowess through projects spanning the entire expanse of India.
13Sqft is the first Platform focused on warehouses, logistics, cold chain, and manufacturing giving them end-to-end solutions on space leasing, design and build Infrastructure + procurement services. The Company has achieved this on the back of a strong team focused on building one-stop platform designing and set up complete facilities with AI based digital modules of asset search, asset building, asset buying and asset management.
The demand for both general and specialized warehousing infrastructure in India is experiencing a robust growth trajectory, with a Compound Annual Growth Rate (CAGR) of 19%. Simultaneously, the B2B e-commerce sector is on the brink of significant expansion, with projections indicating a staggering increase from $20 billion in CY22 to $125 billion in CY27, translating to an impressive CAGR of 44%. These promising figures underscore the evolving landscape of warehousing and commerce in the country, reflecting a dynamic and rapidly evolving market.